ISCOM 305 Week 3 Individual Assignment - Taylor Incorporated Inventory Management Challenge 3. Individual Assignment: Taylor Incorporated Inventory Management Challenge •
Create an 8- to 10-slide PowerPoint® presentation with speaker notes about inventory to present to the president of Taylor Inc. Complete the elements of inventory management and the EOQ components of the presentation. Address the following requirements: o o o o o
Describe elements of inventory management. Describe the meaning of the category of inventory and explain why it is critical to manage each element. Explain why accurate forecasting is so important to sales enhancement, customer satisfaction, and cost control. Identify the number of units to purchase for the new distance measurement device based on the economic order quantity. Identify the number of orders per year that must be made to take advantage of the economic order quantity.
Complete information regarding the Inventory Management Challenge activity is found on the student Web page. Submit the deliverable in your Individual forum.
ISCOM 305 Week 3 Team Assignment - Parker Earth Moving Company Consulting Session 2 4. Learning Team Assignment: Parker Earth Moving Company Consulting: Session 2 •
Write a 350- to 500-word executive summary of your evaluation. Address the following points: o o o o
What are the inventory reorder points and the quantities per order? What problems exist in the current operational strategy? Explain your rationale for selecting subcontractor A or subcontractor B. How does the selected subcontractor optimize operational performance? How would you plan around an emergency, such as a natural disaster? If a hurricane disrupted the supply of raw materials and the work-in-process inventory needed to produce finished goods, how would you modify the reorder points and quantities per order and why?
ISCOM 305 Week 4 Individual Assignment - Widget Production 5. Individual Assignment: Widget Production •
Evaluate a company that has personal issues that must be resolved. Read the following scenario to evaluate Taylor Inc. operations-management processes to help them maximize labor productivity. Management for Taylor Inc. would also like you to suggest alternative management techniques to improve productivity.